List the Four Principles of Scientific Management

question 51

Essay

List the four principles of scientific management.

Identify and classify costs within the production and value chain, including manufacturing overhead and non-manufacturing expenses.

Understand the concept of controllable costs and the managerial influence on cost management.

Recognize the classification of costs for different purposes, highlighting the flexibility and specificity of cost data utilization.

Understand the principles of cost allocation, particularly in the context of indirect materials, labor, and product costing.